Revenue during the quarter grew 3.51 percent to $670.03 million from $647.31 million in the previous year period. Gross margin for the quarter expanded 154 basis points over the previous year period to 29.34 percent. Total expenses were 94.89 percent of quarterly revenues, down from 96.22 percent for the same period last year. This has led to an improvement of 133 basis points in operating margin to 5.11 percent.

Operating income for the quarter was $34.24 million, compared with $24.46 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $39.20 million compared with $30.84 million in the prior year period. At the same time, adjusted EBITDA margin improved 109 basis points in the quarter to 5.85 percent from 4.77 percent in the last year period.

Marcus Lemonis, chairman and chief executive officer, stated, “Our business in the fourth quarter and fiscal 2016 was very strong and we are pleased with the results. The fourth quarter and full year benefited from strong consumer demand for recreational vehicles and our ability to sell our comprehensive portfolio of products and services across a growing proprietary customer database. In particular, our focus on the towable segment of the RV industry and higher-margin product and service revenue is driving our operating margin growth and flowing through to our bottom line. Being the only provider of a comprehensive portfolio of services, protection plans, products and resources for RV enthusiasts, and operating the largest national network of RV-centric retail locations in the United States, we believe we are well positioned to benefit from continued growth in the installed base of RV owners that is being partially driven by higher levels of first-time buyers and new younger consumers, as well as the aging of the baby boomer demographic.”